Visioneering Technologies (ASX:VTI) Total Inventories : A$2.38 Mil (As of Jun. 2024)

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What is Visioneering Technologies Total Inventories?

Visioneering Technologies's total inventories for the quarter that ended in Jun. 2024 was A$2.38 Mil. Visioneering Technologies's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was A$2.81 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Visioneering Technologies's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Visioneering Technologies's Days Inventory for the six months ended in Jun. 2024 was 168.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Visioneering Technologies's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.08.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Visioneering Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.40.

Visioneering Technologies Total Inventories Historical Data

The historical data trend for Visioneering Technologies's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Visioneering Technologies Total Inventories Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3.21

0.73

1.97

2.75

3.23

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial										3.09	2.75	2.99	3.23	2.38

Visioneering Technologies Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Visioneering Technologies (ASX:VTI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Visioneering Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.748	+	0.75 * 1.69	+	0.5 * 2.384	-	2.664
-	0	-	0)	/	55.036
=	0.05

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Visioneering Technologies's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.8065	/	3.038	*	365 / 2
	=	168.59

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Visioneering Technologies's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	3.038	/	2.8065
	=	1.08

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Visioneering Technologies's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.8065	/	6.988
	=	0.40

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Visioneering Technologies Total Inventories Related Terms

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Visioneering Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Total Inventories

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Address

30 Mansell Court, Suite 215, Alpharetta, GA, USA, 30076

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sells, and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision, making it much easier for eye care professionals to fit their patients. It has two reportable segments; North America which includes its operations in the United States and Canada; and Europe/Asia Pacific which includes its operations outside North America.